Obama promised his failed Stimulus plan would create 3 million jobs. He lied. The stimulus ended up costing taxpayers $278,000 for each job created.READ MORE
At the end of October, supplemental aid to the federal food stamp program — officially called the Supplemental Nutrition Assistance Program, or SNAP — ran out.READ MORE
USA Today reported "[v]ulnerable populations will be hardest hit." CNN posted a column by Feeding America's Bob Aiken that warned of the new "strain on millions of families struggling with food insecurity." Currently, there are 47 million Americans receiving SNAP entitlements. There were just over 28 million enrolled in 2008.
What's largely missing from the coverage is why cuts happened in the first place.
The only good thing that came out of the stimulus package was something that the Obama administration never expected: An angry, silent majority that woke up, realized that they’d been sold down the river, and who decided to fight back. Tea party groups quickly sprang up across the U.S., and this silent majority was silent no more.
Today, those same citizens have put down their signs, and are now working behind the scenes in communities everywhere, fighting to take our country back from the oppressive mandates that this administration has hoisted upon them.
Don’t you believe the media for one minute when they tell you that the tea party is dead. The party is stronger than ever, and they will not stop until the Obama administration and their marxist-like policies are stricken from this nation.
Watch Santelli’s historic rant, and remember that if it weren’t for the stimulus, the tea party never would have been born. Thanks for that, Mr. President!
The Apollo Alliance has now ADMITTED that they wrote the Stimulus Bill AND the Cap and Trade Bill. It will only be a matter of time before America learns THEY wrote the Healthcare Bill too!Apollo Alliance Writing Legislation? Stimulus Bill, Cap and Trade Bill, Healthcare Bill? America Needs To Know!
The APOLLO ALLIANCE consists of a coalition of UNIONS, like SEIU, Social Justice groups the likes of ACORN and at the helm is Van Jones a Communist that is Obama’s “Green Czar” and head of the Green Initiative. So the triad of these groups are writing our Legislation. America, have you had enough yet?
One thing any American attending any townhall meeting this Congressional recess break should ask your Congressman/woman: WHO WROTE THE HEALTHCARE BILL? WHAT ARE THEIR NAMES?
The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.READ MORE
CBO said that while the Recovery Act boosted the economy in the short run, the extra debt that the stimulus piled up “crowds out” private investment and “will reduce output slightly in the long run — by between 0 and 0.2 percent after 2016.”
The analysis confirms what CBO predicted before the stimulus passed in February 2009, though the top-end decline of two tenths of a percent is actually deeper than the agency predicted back then.
All told, the stimulus did boost jobs and the economy in the short run, according to CBO’s models. At the peak of spending from July through September 2010 it sustained anywhere from 700,000 to 3.6 million, which lowered the unemployment rate by between four-tenths of a percent to 2 percent.
The Obama administration had promised 3.5 million jobs would be produced at the peak of spending.
It would take an entire book to analyze every single grant and government-backed loan doled out since Barack Obama became president. But an examination of grants and guaranteed loans offered by just one stimulus program run by the Department of Energy, for alternative-energy projects, is stunning.Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans
So the American people borrowed and spent close to a trillion dollars to destroy a net of more than one-half million jobs. Does President Obama understand this? I very much doubt it. When he expressed puzzlement at the idea that the stimulus money may not have been well-spent, and said that "spending equals stimulus," he betrayed a shocking level of economic ignorance.A Verdict on Obama's "Stimulus" Plan
I expect that few of us, like many members of Congress, have actually read this law based on the Senate bill (2,409 pages) and the 153-page reconciliation package.Lame Duck Obama Clinging to ObamaCare
Moreover, I doubt that even many of Obama's citizen critics, including independent voters, know what was hidden beforehand in Obama's 2009 stimulus bill that includes the Federal Coordinating Council for Comparative Effectiveness Research (later superseded by the Patient-Centered Outcomes Research Institute)...
Our results were striking: Over nearly 40 years, expansionary adjustments were based mostly on spending cuts, while recessionary adjustments were based mostly on tax increases. And these results would have been even stronger had our definition of an expansionary period been more lenient (extending, for example, to the top 50% of the OECD). In addition, adjustments based on spending cuts were accompanied by longer-lasting reductions in ratios of debt to GDP.
In the same paper we also examined years of large fiscal expansions, defined as increases in the cyclically adjusted deficit by at least 1.5% of GDP. Over 91 such cases, we found that tax cuts were much more expansionary than spending increases.
The Administration rejected marginal-rate tax cuts that worked in the 1960s and 1980s because they would have helped the rich, in favor of a Keynesian spending binge that has stimulated little except government. More broadly, Democrats purposely used the recession as a political opening to redistribute income, reverse the free-market reforms of the Reagan era, and put government at the commanding heights of economic decision-making.The Obama Economy
Mr. Obama and the Democratic Congress have succeeded in doing all of this despite the growing opposition of the American people, who are now enduring the results. The only path back to robust growth and prosperity is to stop this agenda dead in its tracks, and then by stages to reverse it. These are the economic stakes in November.
In her wonderful book, "The Forgotten ManThe Stimulus Kicks In: Higher Unemployment," Amity Shlaes notes how FDR's policies in the late 1930s did the same thing.
Alias Barack Obama: a lie is born: The greatest identity fraud in history Paperback – July 10, 2012
